New York Department Of Financial Services Awards BitLicense to Bitpay

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Another BitLicense application has been approved. The Department of Financial Services (DFS) based in New York granted a license to cryptocurrency exchange Bitpay on Monday.

BitPay is a global bitcoin payment service provider headquartered in Atlanta, Georgia. It provides bitcoin and Bitcoin Cash payment processing services for merchants and is one of the largest bitcoin payment processors.
The license was granted after a review of the company’s anti-money laundering, anti-fraud, cybersecurity and consumer protection policies.

The move will allow BitPay to offer clearing and settlement services to merchants who will accept or issue payment in Bitcoin. And also it will allow BitPay to do business with customers and companies based in the state.

CEO of BitPay, Stephen Pair stated:

Read More: https://news.bitzamp.com/new-york-department-of-financial-services-awards-bitlicense-to-crypto-exchange-bitpay/